Latest Business News Wires - Business Headlines


  • Sept 15- Airbus Group announced plans on Tuesday to sell half a dozen businesses following a portfolio review in Defense& Space. Space Shuttle program and was last month named supplier of the year in its category by Airbus's rival Boeing.

  • Sept 16- Allergan Inc and its suitors Pershing Square Capital Management and Valeant Pharmaceuticals Inc settled their pending litigation before the Delaware Court of Chancery and agreed to hold a special shareholder meeting on the originally scheduled date, Dec. 18.

  • MOSCOW, Sept 16- Russia's economy could contract 3-4 percent if western nations tighten sanctions over Moscow's role in the Ukraine crisis to make them similar to those imposed on Iran, former finance minister Alexei Kudrin said on Tuesday. Western sanctions already bar some of Russia's largest companies and banks from raising financing on western markets.

  • *Lilly to partner on AstraZeneca's BACE inhibitor drug. LONDON, Sept 16- AstraZeneca has signed a partnership deal with U.S. rival Eli Lilly that could earn the British company up to $500 million if a promising- but risky- experimental Alzheimer's drug proves successful.

  • Orange weighs on European shares after Jazztel deal Tuesday, 16 Sep 2014 | 3:11 AM ET

    LONDON, Sept 16- European equity markets edged lower on Tuesday, keeping within their recent range while mergers& acquisitions activity took centre stage after a wave of bids. France's Orange fell 0.7 percent after saying late on Monday it reached a deal to buy Spanish fixed line telecommunications operator Jazztel, whose shares surged 6 percent.

  • HONG KONG, Sept 16- China shares had their worst day in more than six months on Tuesday, as investors continued to fret about weak economic data and started to worry about liquidity as a new batch of initial public offerings loomed.

  • BEIJING, Sept 16- China's price regulator has summoned executives from Toyota Motor Corp over pricing policies and practices for spare and replacement parts at its luxury Lexus division, people with direct knowledge of the matter said.


  • BERLIN/ PARIS, Sept 16- Airbus Group unveiled plans on Tuesday to sell half a dozen business units with combined revenues of around two billion euros as it focuses its Defence and Space division on warplanes, missiles, launchers and satellites.

  • JGBs yields hit highest in months on Fed risk Tuesday, 16 Sep 2014 | 2:56 AM ET

    TOKYO, Sept 16- Japanese government bond yields rose to their highest levels in some months on Tuesday, tracking higher U.S. bond yields on expectations of earlier rate increases by the U.S. Given that uncertainty, market players are worried that demand at an auction of 1.2 trillion yen 20- year JGBs on Wednesday could be weak.

  • Petra says rare blue diamond sold for $27.6 mln Tuesday, 16 Sep 2014 | 2:51 AM ET

    Sept 16- London- listed Petra Diamonds Ltd said it sold a rare blue diamond found at its mine in South Africa for $27.6 million. The company recovered the 122.52- carat diamond in June from its Cullinan mine, a site with a long and illustrious history of producing high-value stones.

  • MOSCOW, Sept 16- The Russian government will not be able to support all state companies struggling to raise funds due to Western sanctions because of its large state social spending commitments, former finance minister Alexei Kudrin said on Tuesday.

  • Vimpelcom, GTH to sell Wind Canada stake for $122 mln Tuesday, 16 Sep 2014 | 2:33 AM ET

    Sept 16- Vimpelcom Ltd and Global Telecom Holding SAE said they have agreed to sell their stake in Canadian wireless carrier Wind Mobile to Globalive Capital and a group of investment funds for about C $135 million.

  • EDINBURGH, Sept 16- Alex Salmond wields no claymore sword and appears only sparingly in a kilt, and yet he has brought Scotland closer to independence than any Scottish warrior since union with England more than 300 years ago. This campaign reaches its climax on Thursday when Scots vote in a referendum on whether to stay part of the United Kingdom or to break away.


  • DUBAI, Sept 16- Investcorp, an alternative investment manager based in Bahrain, said on Tuesday it had acquired a portfolio of office and industrial property assets in three cities in the United States for around $250 million. The purchases, done in separate transactions, were completed by the firm's U.S.-based real estate arm, a statement from Investcorp said.

  • BEIJING, Sept 16- China's foreign direct investment in August fell to a low not seen in at least 2-1/ 2 years, underscoring the challenges to growth facing the world's second-biggest economy.

  • UPDATE 1-Brent holds below $98, capped by weak demand Tuesday, 16 Sep 2014 | 2:13 AM ET

    SINGAPORE, Sept 16- Brent crude was little changed at just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook.

  • MOSCOW, Sept 16- Russia's economy will stagnate at zero growth or fall into negative territory this year and gross domestic product is likely to be negative next year, Alexei Kudrin, a former finance minister, told a foreign business conference on Tuesday.

  • TOKYO, Sept 16- Japanese stocks broke a five-day winning streak on Tuesday as most investors stayed on the sidelines ahead of this week's outcome of the Federal Reserve meeting, though SoftBank jumped on news of strong demand for Alibaba's initial public offering in the United States. The Nikkei share average dropped 0.2 percent to 15,911.53.